NOT LISTED FOR SALE

2501 E Franklin St Unit 4 Richmond, VA 23223

Shockoe Bottom Neighborhood

Estimated Value: $298,921 - $424,000

1 Bed
1.5 Baths
1,069 Sq Ft
$310/mo HOA Fee

Last Sold August 15, 2018

Last sale price $237,000 $222 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,377/month

4 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Eat-In Kitchen
  • Open High School Rated A+
  • Granite Countertops
  • 3-minute walk to Patrick Henry Park

About This Home

As of August 2018

City living at its best in Shockoe Bottom! This open concept unit is fully updated with plenty of space. Hardwood floors throughout the apartment along with exposed brick and wooden beams give the space character and class. Upon entry, there's a large dining area perfect for hosting large parties. The spacious kitchen features stainless steel appliances, granite counters, and lots of storage. the living area is spacious with a fireplace for cold nights. Sliding barn doors separate the living area from the generously sized master bedroom with a large walk-in closet, linen closet, and en suite bathroom with dual sinks and a separate tub and shower. Other notables include a half bathroom and reserved parking space . Condo is in walking distance of lots of popular dining options and a few minutes drive from Scott's Addition, the Fan, the Museum District, Manchester, and Downtown.

Last Agent to Sell the Property

Sarah Hutchinson

Real Broker LLC License #0225085797 Listed on: 07/02/2018

Real Broker LLC

Co-Listed By

Clayton Gits

Real Broker LLC License #0225086086

Last Buyer's Agent

NON MLS USER MLS

NON MLS OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,316

Year Built

  • Built in 1910

Lot Details

  • 1,089

HOA Fees

  • $310 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,069 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Dining Area
  • Wood Flooring
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet

Schools

  • Bellevue Elementary School
  • Martin Luther King Jr. Middle School
  • Armstrong High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number E000-0388-025

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,316

Year Built

Built in 1910

Lot Details

0

HOA Fees

$310 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1910
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.025
  • Co List Office Mls Id: EXXP01
  • Co List Office Phone: 804-729-5188
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Dining Area, Eat-in Kitchen, Fireplace, Granite Counters, High Ceilings, Recessed Lighting, Walk-In Closet(s)
  • Living Area: 1069.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick
  • Property Condition: Resale

Utilities

  • Heating: Electric, Heat Pump, Zoned
  • Cooling: Central Air, Heat Pump, Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 309.82
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E000-0388-025
  • Zoning Description: B-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2316.0

MLS Schools

  • Elementary School: Bellevue
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2018
Closed on
Aug 11, 2018
Sold by
Upton Paula S
Bought by
Thomas Rebecca M
Seller's Agent
Sarah Hutchinson
Real Broker LLC
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$237,000
Sold Price
$237,000
Current Estimated Value
$348,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,230
Avg. Annual Appreciation
5.35%

Purchase Details

Listed on
Jul 22, 2014
Closed on
Jan 27, 2015
Sold by
Elamin Alix N
Bought by
Upton Paula S
Seller's Agent
Sandy Banks
Fathom Realty Virginia
Buyer's Agent
Sarah Hutchinson
Real Broker LLC
List Price
$200,000
Sold Price
$166,000
Premium/Discount to List
-$34,000
-17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%
Original Mortgage
$111,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2013
Closed on
Sep 25, 2013
Sold by
Gillette Katherine
Bought by
Elamin Alix N
Seller's Agent
Wayne Gauthier
Joyner Fine Properties
Buyer's Agent
Sandy Banks
Fathom Realty Virginia
List Price
$189,950
Sold Price
$187,000
Premium/Discount to List
-$2,950
-1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.27%
Original Mortgage
$149,600
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2010
Sold by
Turner Nathan A
Bought by
Gillette Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,329
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2007
Sold by
Foundry Lofts L L C
Bought by
Turner Nathan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,100
Interest Rate
6.59%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thomas Rebecca M $237,000 Attorney
Upton Paula S $166,000 --
Elamin Alix N $187,000 --
Gillette Katherine $164,900 --
Turner Nathan A $239,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Upton Paula S $111,000
Previous Owner Elamin Alix N $149,600
Previous Owner Gillette Katherine $150,329
Previous Owner Turner Nathan A $190,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2018 08/15/18 Sold $237,000 0.0% $222 / Sq Ft
07/06/2018 07/06/18 Pending -- -- --
07/02/2018 07/02/18 For Sale $237,000 +42.8% $222 / Sq Ft
02/13/2015 02/13/15 Sold $166,000 -17.0% $155 / Sq Ft View Prior Sale
01/14/2015 01/14/15 Pending -- -- --
07/22/2014 07/22/14 For Sale $200,000 +7.0% $187 / Sq Ft
09/26/2013 09/26/13 Sold $187,000 -1.6% $175 / Sq Ft View Prior Sale
09/17/2013 09/17/13 Pending -- -- --
06/20/2013 06/20/13 For Sale $189,950 -- $178 / Sq Ft
Source: Central Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,952 $246,000 $55,000 $191,000
2024 $2,952 $246,000 $55,000 $191,000
2023 $2,724 $227,000 $55,000 $172,000
2022 $2,724 $227,000 $55,000 $172,000
2020 $2,084 $216,000 $45,000 $171,000
2019 $1,771 $210,000 $60,000 $150,000
2018 $1,433 $193,000 $60,000 $133,000
2017 $2,316 $193,000 $60,000 $133,000
2016 $1,212 $190,000 $60,000 $130,000
2015 $1,212 $190,000 $60,000 $130,000
2014 $1,212 $170,000 $60,000 $110,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1822889

Central Virginia Regional MLS

APN: E000-0388-025